Report: Prada Considers Acquisition of Versace Amid Financial Evaluation Italian luxury fashion house Prada is making strategic moves in the competitive fashion industry by exploring the possibility of acquiring Versace, a renowned Italian brand currently under the ownership of Capri Holdings Ltd. This decision comes in the wake of Versace experiencing a downturn in its […]
Shiseido Shares Rally After Activist Investor Takes Stake
Shiseido Shares Surge as Activist Investor Makes Strategic Move Shiseido, the renowned Japanese multinational personal care company, has recently found itself in the spotlight as London-based activist firm Independent Franchise Partners disclosed their acquisition of a 5.2 percent stake in the company. This move has sparked a significant rally in Shiseido’s shares, hinting at potential […]
Chief Product Officers Are Fashion’s New Power Players
Chief Product Officers Are Fashion’s New Power Players In the ever-changing landscape of the fashion industry, a new breed of executives is emerging as the driving force behind innovation and success – Chief Product Officers (CPOs). Brands like Burberry, Michael Kors, and Under Armour are increasingly turning to these product chiefs to steer them through […]
OTB’s Annual Sales Fall 4% Despite Growth at Diesel and Margiela
OTB Struggles with 4% Sales Decline Despite Success Stories at Diesel and Margiela Italian fashion conglomerate OTB, known for its renowned brands such as Diesel, Jil Sander, Maison Margiela, Marni, and Viktor&Rolf, faced a challenging year in 2024. Despite individual success stories within the group, OTB reported a 4.4% decline in turnover, amounting to €1.8 […]
Swiss Watch Exports Could Dwindle to 12 Million Units As High-End Shift Accelerates
Swiss Watch Exports Could Dwindle to 12 Million Units As High-End Shift Accelerates In the realm of luxury timepieces, the Swiss watch industry has long been the epitome of excellence and craftsmanship. However, recent insights suggest a shifting landscape that could have a significant impact on the export market. According to Morgan Stanley’s annual report, […]
Hermès Sales Accelerate, Raising Hopes for China Turnaround
Hermès Sales Accelerate, Raising Hopes for China Turnaround The renowned luxury brand Hermès has recently reported a significant surge in revenue, marking an 18 percent increase at year-end. This positive development has sparked optimism among investors and industry experts, particularly due to the notable sales growth in China. The country’s previously sluggish economy had been […]
The Beauty Boom Crashes to a Halt
The Beauty Boom Crashes to a Halt The beauty industry, once considered recession-proof, is facing a significant challenge as the four biggest beauty conglomerates recently reported disappointing sales figures. Even once highly sought-after brands like Cerave and Drunk Elephant are losing their luster in the eyes of consumers. This downturn in the beauty market signals […]
Temu, Shein See US Sales Drop After Trump Targets China Trade
Temu, Shein See US Sales Drop After Trump Targets China Trade The recent move by President Trump to eliminate the exemption of customs duties on parcels under $800 from China has sent ripples through the retail industry. Companies like Temu and Shein, known for their affordable and trendy clothing options, have seen a significant drop […]
Bluestar Alliance Acquires Palm Angels
Bluestar Alliance Acquires Palm Angels: Expanding Its Footprint in Luxury Streetwear Bluestar Alliance, a renowned brand-management firm, continues to make waves in the fashion industry with its recent acquisition of the Milan-based luxury streetwear label, Palm Angels. This strategic move comes hot on the heels of Bluestar Alliance’s purchase of Off-White last year, solidifying its […]
Worldview: Designers Deploy AI at Seoul Fashion Week
Worldview: Designers Deploy AI at Seoul Fashion Week In the fast-paced world of fashion, staying ahead of trends and technology is essential for success. Seoul Fashion Week, known for its cutting-edge designs and innovative approaches, recently showcased a groundbreaking development – the deployment of Artificial Intelligence (AI) by designers. This move not only highlights the […]